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Demonetisation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Rs 7,755 crore worth of withdrawn Rs 2,000 banknotes still in circulation

Mon, Jun 03, 2024

97.82 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system by the end of May 2024.

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

2,000-rupee note: A barrage of memes on social media as RBI presses 'exit' on 2,000 currency bill

Sat, May 20, 2023

Rs 2,000 withdrawal from circulation: The RBI's announcement on Friday evening that the Rs 2,000 currency note has served its purpose and thus will be withdrawn from circulation left social media platforms in splits, with a string of memes doing rounds on microblogging website Twitter.

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Bye bye, Rs 2,000 banknote! 10 things to know about the bill that has been in circulation for 6 years

Fri, May 19, 2023

BREAKING | Rs 2,000 note to be withdrawn: The RBI will start withdrawing 2,000-rupee notes from circulation. But worry not! The 2,000 note will remain legal tender. You will get a chance to deposit the Rs 2,000 note at the bank, or exchange it up to 10 (Rs 20,000) at a time.

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Assocham calls for a Budget that revives economy post note-ban

Assocham calls for a Budget that revives economy post note-ban

Sun, Jan 15, 2017

Industry chamber Assocham on Sunday appealed to political parties to ensure that the Union Budget for fiscal 2017-18 to be presented to Parliament on February 1 aids the revival of economic sentiment at a time of depressed demand and investment.

Demonetisation fallout: ATM makers get a big boost in new orders

Demonetisation fallout: ATM makers get a big boost in new orders

Sun, Jan 15, 2017

The government`s November 8move last year to demonetise higher-denomination currencies was said to be aimed at tackling the issues of black money and counterfeit notes.

RBI employees urge governor to protect autonomy

RBI employees urge governor to protect autonomy

Sat, Jan 14, 2017

The RBI`s employee union in a letter to the governor dated January 13 said it was "painful" the central bank was being criticised despite its staff successfully carrying out the "humongous task" of replacing the old bills.

RBI employees resent ''government interference''

RBI employees resent ''government interference''

Sat, Jan 14, 2017

The letter asked the Governor whether a recent media report, according to which the Finance Ministry had deputed a Joint Secretary-level officer to the RBI to oversee its currency chest operations, is true.

Post demonetisation organised retail sector likely to post low single digit growth in Q3 FY17: India Ratings

Post demonetisation organised retail sector likely to post low single digit growth in Q3 FY17: India Ratings

Fri, Jan 13, 2017

Post demonetisation organised retail sector is expected to post low single digit growth with varying impact across different sub-sectors in the October-December quarter of fiscal year 2016-17 (FY17), said India Ratings and Research (Ind-Ra) in its latest report on Friday.

RBI may cut repo rate by 25 basis points in February: HSBC report

RBI may cut repo rate by 25 basis points in February: HSBC report

Fri, Jan 13, 2017

With uncertanity over implementation of GST, rising crude oil prices and the challenging 4% CPI in medium term, Reserve Bank of India (RBI) may cut repo rate for the final time by a 25 basis points (bps) in the February policy, says a report.

Corporates look past India's cash crisis, praise Modi reforms

Corporates look past India's cash crisis, praise Modi reforms

Fri, Jan 13, 2017

Welspun outlined proposed investments of 40 billion rupees ($588 million) in Gujarat during the summit, which ended Friday.

Post demonetisation, consumer demand likely to be normal by April-June quarter of 2017: CII

Post demonetisation, consumer demand likely to be normal by April-June quarter of 2017: CII

Fri, Jan 13, 2017

Terming demonetisation as a right long-term decision despite short-term "disruptions", CII President Naushad Forbes has said consumer demand is expected to return to full normalcy in April-June quarter after seeing a 20% fall in the 50-day period after the note ban.

New cars line-up, Gujarat plant may bring sales cheer back at Maruti Suzuki

New cars line-up, Gujarat plant may bring sales cheer back at Maruti Suzuki

Fri, Jan 13, 2017

Bookings for Maruti Suzuki have seen a small revival during the month of December and with the Gujarat plant on track it may see a jump in sales soon.

Except Maruti Suzuki, Eicher Motors, automobile companies to report weaker Q3 results

Except Maruti Suzuki, Eicher Motors, automobile companies to report weaker Q3 results

Fri, Jan 13, 2017

A majority of automobile companies are expected to report weaker earnings during Q3, with the exception of Maruti, Suzuki and Eicher Motors

Postponed product launches, consumption stimulus in Budget to boost ad spends

Postponed product launches, consumption stimulus in Budget to boost ad spends

Fri, Jan 13, 2017

Many brands have partial deferment of advertising budgets led by postponement of new launches.

India to see lower GDP growth for two quarters on cash crunch: HSBC

India to see lower GDP growth for two quarters on cash crunch: HSBC

Thu, Jan 12, 2017

India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.

Hope to resolve issues for GST rollout from April 1: Arun Jaitley

Hope to resolve issues for GST rollout from April 1: Arun Jaitley

Thu, Jan 12, 2017

With states and the Centre still locked in stalemate over control of tax payers, Finance Minister Arun Jaitley today said the issue will be resolved in next few weeks for rollout of the GST regime from April 1.

HSBC sees Sensex at 30,500 by end of 2017 on government reforms

HSBC sees Sensex at 30,500 by end of 2017 on government reforms

Wed, Jan 11, 2017

Global financial services major HSBC has set an optimistic benchmark BSE Sensex target at 30,500 for December-end, 2017 saying that structural reforms like demonetisation and GST will boost growth in the long run.

Two-wheeler, durables loans most hit by demonetisation: Cibil

Two-wheeler, durables loans most hit by demonetisation: Cibil

Wed, Jan 11, 2017

Leading credit information company Transunion Cibil on Wednesday said the demonetisation exercise has affected demand for two-wheelers and consumer durables loans the most.

Demonetisation or not, new notes were needed anyway: RBI

Demonetisation or not, new notes were needed anyway: RBI

Wed, Jan 11, 2017

The Government of India's recent demonetisation decision, which grabbed news headlines across media resulting in cash crunch and chaos across the country last year, was in the making since 2014.

Tata Nano slips through snares of demonetisation to post over 90% growth in December

Tata Nano slips through snares of demonetisation to post over 90% growth in December

Wed, Jan 11, 2017

Tata Nano posted the highest month-on-month sales growth among all Tata Motors cars in December.

Fertiliser Minister seeks Rs 20,000 crore of special banking facility for industry

Fertiliser Minister seeks Rs 20,000 crore of special banking facility for industry

Wed, Jan 11, 2017

Fertiliser Minister Ananth Kumar today said he has written to the Finance Minister for Rs 20,000 crore special banking arrangement to provide loan at reasonable rate to cash-starved fertiliser companies.

Government may lose Rs 25,000 crore if it moves income tax slabs

Government may lose Rs 25,000 crore if it moves income tax slabs

Wed, Jan 11, 2017

Finance Minister, Arun Jaitley’s stance on levying income tax stands to be ‘making taxation more reasonable;’ however, this could cost the government Rs 25,000 crore in FY18.

About 66% Indians support PM Narendra Modi's demonetisation move: Survey

About 66% Indians support PM Narendra Modi's demonetisation move: Survey

Wed, Jan 11, 2017

About 66% of Indians surveyed online showed support to prime minister Narendra Modi's demonetisation decision to curb black money, corruption and terrorism into the country, according to Nihilent Analytics.

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